Our Advisory team was instructed by a London-based investment bank to provide financial and operational restructuring advice. This was a full service investment bank that offered both corporate advisory and institutional stockbroking services. The bank had experienced material historic losses, as well as facing issues such as a non-performing finance function, lack of ongoing working capital facilities and significant creditor pressure.
Our team of restructuring specialists advised the majority shareholder and wider group on a joint duty of care basis to assess the immediate funding requirements alongside the preparation of a long term sustainable business plan. During the course of our assignment the work undertaken by our team included:
At the point of our initial engagement the business was in severe financial distress. With the assistance of our team, the business was able to secure ongoing investor support and the additional capital needed, alongside the buy-in of key management which has enabled a successful turnaround . FCA authorisations and requirements added a layer of complexity to the contingency planning and investment structure of this assignment.